Highbridge Capital Management has pulled the plug on its $1.4 billion Asia Opportunities Fund as manager Carl Huttenlocher prepares to leave the firm.

Highbridge has been racing to sell off most of Huttenlocher's portfolio, which includes some $550 million managed for the firm's flagship fund, since late last week, when he informed his bosses of his plan to quit. Already, $1.4 billion of holdings have been sold.

Virginia (Ginny) ParkerStamford, Conn.-based Parker Global Strategies is both a fund of hedge funds and a manager of managers and has advised on the placement of over $2.5 billion over the past 15 years. FINalternatives spoke recently to Ginny Parker, the firm’s founder and chief investment officer, about why PGS’ approach to risk management hasn’t changed since the financial crisis, what factors it considers when choosing a fund manager and how it goes about investing in the energy sector.

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We are accustomed to splitting trading into technical and fundamental buckets. Both involve crunching data; one set includes market fundamentals and the other pure price data. Alternative data is a third bucket that is gaining traction.